iShares U.S. Basic Materials ETF $IYM is Three Seasons Wealth LLC’s 9th Largest Position

Three Seasons Wealth LLC lifted its position in iShares U.S. Basic Materials ETF (NYSEARCA:IYM) by 99.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,963 shares of the company’s stock after buying an additional 28,946 shares during the period. iShares U.S. Basic Materials ETF comprises 1.0% of Three Seasons Wealth LLC’s portfolio, making the stock its 9th largest holding. Three Seasons Wealth LLC’s holdings in iShares U.S. Basic Materials ETF were worth $10,406,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new stake in shares of iShares U.S. Basic Materials ETF during the fourth quarter valued at approximately $71,967,000. The Manufacturers Life Insurance Company raised its holdings in iShares U.S. Basic Materials ETF by 64.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 767,520 shares of the company’s stock worth $135,022,000 after acquiring an additional 300,080 shares during the last quarter. Bank of America Corp DE lifted its position in iShares U.S. Basic Materials ETF by 176.5% in the 1st quarter. Bank of America Corp DE now owns 374,722 shares of the company’s stock valued at $65,921,000 after acquiring an additional 239,188 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in iShares U.S. Basic Materials ETF by 129.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 155,343 shares of the company’s stock valued at $23,917,000 after acquiring an additional 87,723 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new position in iShares U.S. Basic Materials ETF in the 1st quarter valued at approximately $10,112,000.

iShares U.S. Basic Materials ETF Price Performance

Shares of NYSEARCA:IYM opened at $191.10 on Friday. The company has a market cap of $1.27 billion, a P/E ratio of 22.43 and a beta of 0.98. iShares U.S. Basic Materials ETF has a 1 year low of $139.08 and a 1 year high of $197.36. The stock’s fifty day moving average price is $183.81 and its 200-day moving average price is $182.27.

About iShares U.S. Basic Materials ETF

The iShares U.S. Basic Materials ETF (IYM) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a broad, market-cap-weighted index of US basic materials companies that includes raw materials such as metals, chemicals and forestry products. IYM was launched on Jun 12, 2000 and is managed by BlackRock.